Answer:
Option D. $10,000 is the correct answer.
Explanation:
Journal Entry for pension expenses:
Pension Expense $10,000
Cash $10,000
(To record pension expenses)
Pension expenses for the year ended is comprised of the following components of pension cost.
Service Cost $14,000
Interest cost $6,000
Expected return on plan assets $10,000
__________
Pension expenses $10,000
Answer:
The correct answer is option A.
Explanation:
A perfectly competitive market has large number of sellers producing homogenous products. As a result, no single firm is able to affect the price level. So all the firms have their individual demand curves as a horizontal line at the price level.
This demand curve also represents marginal revenue. The firm is able to maximize profit when the price and marginal revenue is equal to the marginal cost.
Here, the revenue earned from the last unit of product is equal to the cot incurred in producing the last unit.
Answer:
Nepal
70 years
Kenya
47 years
Singapore
10 years
Egypt
21 years
Explanation:
Suppose
Time period = X
Per capita Income = $1
Using following formula calculate time period to double the per capital Income
FV = PV ( 1 + g)^n
Nepal
g = 1%
2 x $1 = $1 ( 1 + 0.01)^n
$2 / $1 = 1.01^n
$2 = 1.01^n
Log 2 = n Log 1.01
log 2 / log 1.01 = n
n = 69.66 years = 70 years
Kenya
g = 1.6%
2 x $1 = $1 ( 1 + 0.016)^n
$2 / $1 = 1.016^n
$2 = 1.016^n
Log 2 = n Log 1.016
log 2 / log 1.016 = n
n = 43.66 years = 47 years
Singapore
g = 7.3%
2 x $1 = $1 ( 1 + 0.073)^n
$2 / $1 = 1.073^n
$2 = 1.073^n
Log 2 = n Log 1.073
log 2 / log 1.073 = n
n = 9.84 years = 10 years
Egypt
g = 3.4%
2 x $1 = $1 ( 1 + 0.034)^n
$2 / $1 = 1.034^n
$2 = 1.034^n
Log 2 = n Log 1.034
log 2 / log 1.034 = n
n = 20.73 years = 21 years
Answer: Please see explanation column
Explanation:
Journal entry for June 30
Date Amount Debit Credit
June 30 Bond Interest expense $5,756
Discount on Bonds Payable $506
Cash $5,250
Calculation:
Cash = 150,000 x 7%x 6/12 = $5,250
10-year bonds pay interest semiannually indicates 20 interest periods
Straight line Amortization of the discount =$10,125/20 = $506
Bond interest expense= Interest + amortization on discount
Interest = $150,000 x 7% x 6/12 = $5,250 + 506= $5,756.
